On 12 July 2017, Jamie Harris, Shaun Fraser and Jason Preston, all Partners of McGrathNicol, were appointed Joint and Several Voluntary Administrators (“Administrators”) of Baralaba Coal Company Limited (“BCL”) by a resolution of its directors pursuant to Section 436A of the Corporations Act 2001 (Cth). The appointment of the Administrators applies to the listed company and does not extend to the subsidiaries of BCL. Trading of the subsidiaries of BCL will continue as usual.

At the reconvened second statutory meeting of creditors held on 28 August 2017, creditors of the Company resolved that BCL enter into a Deed of Company Arrangement proposed by the secured creditor, Liberty Metals and Mining Holdings, LLC (“LMM”). The Administrators became the Deed Administrators of BCL on 28 August 2017.